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Report: #160016

Complaint Review: 4X Made Easy, Global Tec Solutions - Addison Texas

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  • Reported By: Lakewood Ohio
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  • 4X Made Easy, Global Tec Solutions 15601 N. Dallas Pkwy. #200 Addison, Texas U.S.A.

4X Made Easy, Global Tec Solutions rips off, scams unsavvy customers who can ill afford the costs of their programs then has the balls to change requirements for success Ripoff Addison Texas

*Consumer Suggestion: Thank you

*Consumer Comment: Attended the 2 hour free seminar

*Consumer Comment: Attended the 2 hour free seminar

*Consumer Comment: Attended the 2 hour free seminar

*Consumer Comment: Attended the 2 hour free seminar

*Consumer Suggestion: 4x Versus FOREX

*Consumer Comment: If it looks too easy, it is.

*Consumer Comment: Thank You

*Consumer Comment: 4X Made Easy GlobalTec Scam and Ripoff

*Consumer Suggestion: Stay away

*Consumer Suggestion: Stay away

*Consumer Suggestion: Stay away

*Consumer Comment: Another sincere thank you

*Consumer Comment: FOREX IS NOT AS EASY AS IT IS REPRESENTED

*Consumer Comment: An Experienced Trader's take on this thread

*Consumer Suggestion: STAY AWAY FROM GET RICH QUICK SCAMS

*Consumer Suggestion: STAY AWAY FROM GET RICH QUICK SCAMS

*Consumer Comment: Investools

*Consumer Comment: INVESTools Poor Customer Service

*Consumer Comment: Condescending and Desperate.

*Consumer Comment: not quite investools

*Consumer Comment: Joyce, I would swear this was Investools

*UPDATE Employee: COmpany Response

*Consumer Comment: Global Tec Solutions More Than Simply Predatory

*Consumer Comment: Brave offer Jeff

*Consumer Comment: The resolution?

*UPDATE Employee: response from company

*UPDATE Employee: response from company

*UPDATE Employee: response from company

*UPDATE Employee: response from company

*Consumer Comment: Why the delay?

*UPDATE Employee: Response from Employee

*Consumer Suggestion: Have been doing some research before I buy there products also

*Consumer Comment: Tami - Thanx

*Author of original report: I'd Like a Refund

*UPDATE Employee: 4X Made Easy Executive Response

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Yes, I am one of the unsavvy, inexperienced and gullible masses who fell for 4X Made Easy. At a crossroads in my life and with a few extra bucks in my pocket I heard about their infomercial, went to their orientation and fell for their hype.

The infomercial made it seem flawlessly simple, the slickly packaged orientation made it seem like a little known secret that we chosen few were lucky enough to get in on. After the first orientation given by Blake Morrow himself my friends and I were hooked. A month later we were back, money in hand. We could hardly wait for the program to end so we could pay for our copy of the software. Yes, the price seemed ridiculous, but look what we were getting... the software, a full day of training and online and phone support whenever we needed it. It seemed like they would be with us every step of the way, determined to help us be rich... fast.

It also seemed simple, very simple. Everything we needed to know would be explained until we understood and could do it on our own.

Unfortunately reality did not hit hard or fast enough for us to get our money back a week later at the one day training (which is the only opportunity you have to get your money back). After playing with our software for a week we were sure that this would be simple once we fully understood the operation of the forex market and GlobalTec would teach us this. So we went to the training and kept our software.

It was all downhill from there. We were concerned about the $99 a month feed that we needed to use the software, but figured we would make it back easily enough... wrong! We were concerned when GlobalTec encouraged us to use the Tracker software... another $99 a month feed that became an annoyingly audible reminder that we weren't making any money at all. We were concerned that we couldn't afford the $300 extra 3 day training that would "help" us understand and use the software to make lots of money easily.

We studied day and night, read all the websites, watched the software arrows, learned to identify the trends, but after all this there was always one more program or feed that we had to purchase to ensure our success.

We fed money into this program for months, we learned everything we could about the forex market. Yet, we still made no profit. I must admit we did make money and sometimes it was easy, but the next minute, hour, day it was gone. We lost much more then we ever made.

Finally when we couldn't afford even the monthly feed, we gave up. Without the feed we couldn't use the software, without the software we couldn't make money. Oddly enough none of the staff from GlobalTec who were there to "help us every step of the way"... even noticed that we were gone. No calls, no letters wondering what they could do to help, nothing. Only mass mailings encouraging us to buy the latest feed or training.


GlobalTec preys on everyone equally. People who know nothing about the market, GlobalTec promises you don't need to... just follow the arrows. People who have been investing for years, this is a new way to learn a new market... easy and fun. It's easy to find these people online, the 4X Made Easy boards are full of people who are "that close" to making it, but never do. Try and find the ones who are making big money or any money at all and no one answers.

4X Made Easy is a scam, a big, expensive, brightly packaged SCAM. There will always be people trying to make an easy buck, trying to find the secret knowledge that no one else has... I'm just sorry I was one of them.

I would like to say that when my friends and I invested in 4X Made Easy we were impressed with the personal support we received. We made an agreement that if this worked for us we would do everything we could to spread the word so that others could benefit. Now we feel that it's our responsibility to spread the word so that others won't get caught in their web of false hope and deception.

Tami
Pompano Beach, Florida
U.S.A.

This report was posted on Ripoff Report on 10/08/2005 11:56 AM and is a permanent record located here: https://www.ripoffreport.com/reports/4x-made-easy-global-tec-solutions/addison-texas-75001/4x-made-easy-global-tec-solutions-rips-off-scams-unsavvy-customers-who-can-ill-afford-th-160016. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#36 Consumer Suggestion

Thank you

AUTHOR: Isah - (U.S.A.)

POSTED: Saturday, April 14, 2007

Just wanted to say thank you for exposing 4XME
I saw the TV info and was about to go to the seminar, when i desided to google it...
This forum saved me time an provably a lot of money, Thank you
Isah - Orlando FL

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#35 Consumer Comment

Attended the 2 hour free seminar

AUTHOR: Ian - (U.S.A.)

POSTED: Tuesday, April 10, 2007

I attended the free 2 hour seminar (high pressure sales pitch) last night. I knew from the onset that it is a scam. The product is always priced at one of the following prices: 2995, 3495 or something similar. It is a way to lure the money away from victims who can barely afford this but think it is some secret that will bring them their dream. There is always the buy it today or pay more part.

Also there is always a money back guarantee that is practically useless because you will never get to fully learn the product until after the deadline (in this case 10 days). Then the fact that these so called experts who are speaking at the meeting who made thousands or millions - if that is the case then why waste precious time speaking to these people at the meeting?

If I made so much money with a software I would be home using it instead of speaking to these people. Obviously they do not make much if anything with the software but make a hell of a lot selling the worthless crap to these unsuspecting dreamers who out of embarrassment will not admit to being ripped off and just sweep it under the rug.

These infomercials and the like should be banned and made illegal. People are way too gullible and will buy into a dream - but that's all it is, a dream but one that you need to work hard to get and no software will get it for you.

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#34 Consumer Comment

Attended the 2 hour free seminar

AUTHOR: Ian - (U.S.A.)

POSTED: Tuesday, April 10, 2007

I attended the free 2 hour seminar (high pressure sales pitch) last night. I knew from the onset that it is a scam. The product is always priced at one of the following prices: 2995, 3495 or something similar. It is a way to lure the money away from victims who can barely afford this but think it is some secret that will bring them their dream. There is always the buy it today or pay more part.

Also there is always a money back guarantee that is practically useless because you will never get to fully learn the product until after the deadline (in this case 10 days). Then the fact that these so called experts who are speaking at the meeting who made thousands or millions - if that is the case then why waste precious time speaking to these people at the meeting?

If I made so much money with a software I would be home using it instead of speaking to these people. Obviously they do not make much if anything with the software but make a hell of a lot selling the worthless crap to these unsuspecting dreamers who out of embarrassment will not admit to being ripped off and just sweep it under the rug.

These infomercials and the like should be banned and made illegal. People are way too gullible and will buy into a dream - but that's all it is, a dream but one that you need to work hard to get and no software will get it for you.

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#33 Consumer Comment

Attended the 2 hour free seminar

AUTHOR: Ian - (U.S.A.)

POSTED: Tuesday, April 10, 2007

I attended the free 2 hour seminar (high pressure sales pitch) last night. I knew from the onset that it is a scam. The product is always priced at one of the following prices: 2995, 3495 or something similar. It is a way to lure the money away from victims who can barely afford this but think it is some secret that will bring them their dream. There is always the buy it today or pay more part.

Also there is always a money back guarantee that is practically useless because you will never get to fully learn the product until after the deadline (in this case 10 days). Then the fact that these so called experts who are speaking at the meeting who made thousands or millions - if that is the case then why waste precious time speaking to these people at the meeting?

If I made so much money with a software I would be home using it instead of speaking to these people. Obviously they do not make much if anything with the software but make a hell of a lot selling the worthless crap to these unsuspecting dreamers who out of embarrassment will not admit to being ripped off and just sweep it under the rug.

These infomercials and the like should be banned and made illegal. People are way too gullible and will buy into a dream - but that's all it is, a dream but one that you need to work hard to get and no software will get it for you.

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#32 Consumer Comment

Attended the 2 hour free seminar

AUTHOR: Ian - (U.S.A.)

POSTED: Tuesday, April 10, 2007

I attended the free 2 hour seminar (high pressure sales pitch) last night. I knew from the onset that it is a scam. The product is always priced at one of the following prices: 2995, 3495 or something similar. It is a way to lure the money away from victims who can barely afford this but think it is some secret that will bring them their dream. There is always the buy it today or pay more part.

Also there is always a money back guarantee that is practically useless because you will never get to fully learn the product until after the deadline (in this case 10 days). Then the fact that these so called experts who are speaking at the meeting who made thousands or millions - if that is the case then why waste precious time speaking to these people at the meeting?

If I made so much money with a software I would be home using it instead of speaking to these people. Obviously they do not make much if anything with the software but make a hell of a lot selling the worthless crap to these unsuspecting dreamers who out of embarrassment will not admit to being ripped off and just sweep it under the rug.

These infomercials and the like should be banned and made illegal. People are way too gullible and will buy into a dream - but that's all it is, a dream but one that you need to work hard to get and no software will get it for you.

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#31 Consumer Suggestion

4x Versus FOREX

AUTHOR: Greg - (U.S.A.)

POSTED: Tuesday, April 10, 2007

"Forex" is short for "Foreign Exchange". "4x" is an abbreviation used by some of the forex-related companies. It is easily confusing.

4xMadeEasy (4xME) is a computer program that uses a combination of lagging indicators, and then extrapolates it into an up or down arrow. It is supposedly a simple program, but I have not been able to find a comparable program in my web searches.

As far as the datafeed (the $99/month fee), I was looking into a brokerage that offered eSignal for free but it was not worth it (because the brokerage was questionable). Now I am just looking into MB Trading (the current brokerage that is tied in with 4xME), just because trading would be easier.

I'll be ready to go online soon. I'll keep you posted.

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#30 Consumer Comment

If it looks too easy, it is.

AUTHOR: John - (U.S.A.)

POSTED: Monday, April 02, 2007

I just attended a seminar in Portland tonight and when they ended to have you purchase their $3495 buy now or $6984.95 later, I started asking questions like: If it is that easy, why isn't everyone doing it? What am I missing? How about the loses? He said Oh you'll have some.

Prior to going to the seminar I had logged onto Goggle and found what I thought was 4xMadeEasy, called FOREX.com. They offered a test program for free for 30 days. At 4xMadeEasy semminar I told them I had go online prior to coming and had downloaded their 30 day demonstration software and he was confused and said they didn't have such a program. Anyway, I luckly left telling them I would check it out and I could always come to another seminar for further questions. I called FOREX.com when I got home and found they are not associated with 4xMadeEasy and they don't even charge for their software program.

I had a gut feeling these guys were not telling all. Glad I checked in here before parting with a chunk of money for not.

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#29 Consumer Comment

Thank You

AUTHOR: Corey - (U.S.A.)

POSTED: Sunday, March 11, 2007

Just wanted you to know that I talk to my wife about the 4x commercial I saw yesterday, I found it interesting. I decided to look it up tonight, did not know the website, so I googled it, and guess what?

I found this website, it was in the top 3. I decided to read through this post, and officially decided not to buy in to 4X.

Prior to today I have never been to this website,I never even knew it existed.

Thank You for reporting your situation, because of your report I stayed away from a questionable business.

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#28 Consumer Comment

4X Made Easy GlobalTec Scam and Ripoff

AUTHOR: Nicholas - (U.S.A.)

POSTED: Saturday, March 10, 2007

Hello,

I recently was ripped off by Globaltec's 4XMadeeasy. I could not get a refund, however you can voice your complaint to the government officially. For example, if you are in Florida you can do this online at: http://www.800helpfla.com/complnt.html

Other states have similar programs I am sure through there Dept of Agriculture and Consumer Services so look it up and spend the time doing it for complaints against business's. Then call the States attorney office and tell them what you did.

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#27 Consumer Suggestion

Stay away

AUTHOR: Alan - (U.S.A.)

POSTED: Monday, January 29, 2007

I read the responses of the experienced traders in the 4X market. I did not understand one bit and why should I, I do not trade. Now I do know that if I do start trading with the 4X made easy I am going to lose everything, flat out losing in record time. I do know that, I do know enough to stay away from the stock market scams each one. Let the pros trade there is no EASY in anything as complex as money markets.

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#26 Consumer Suggestion

Stay away

AUTHOR: Alan - (U.S.A.)

POSTED: Monday, January 29, 2007

I read the responses of the experienced traders in the 4X market. I did not understand one bit and why should I, I do not trade. Now I do know that if I do start trading with the 4X made easy I am going to lose everything, flat out losing in record time. I do know that, I do know enough to stay away from the stock market scams each one. Let the pros trade there is no EASY in anything as complex as money markets.

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#25 Consumer Suggestion

Stay away

AUTHOR: Alan - (U.S.A.)

POSTED: Monday, January 29, 2007

I read the responses of the experienced traders in the 4X market. I did not understand one bit and why should I, I do not trade. Now I do know that if I do start trading with the 4X made easy I am going to lose everything, flat out losing in record time. I do know that, I do know enough to stay away from the stock market scams each one. Let the pros trade there is no EASY in anything as complex as money markets.

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#24 Consumer Comment

Another sincere thank you

AUTHOR: William - (U.S.A.)

POSTED: Sunday, January 28, 2007

I saw the infomercial for 4x on the tv this weekend, and being suspicious of informercial type marketing, I was hesitant, but the claims of how easy it was left me thinking.

So before deciding to go I turned to the trusty advice here on Rip Off Report.

Now I have a true picture of how easy this ISN'T!!!

I was tempted also by the Wizetrade informercial as well, and checked here to see similar complaints.

I was a bit surprised the Global Tech "owns" or controls both "products"...

The posts by the traders that have been doing this was most informative, and have definately helped in seeing through this type of picking on the uninformed. I'm not smart about investing in stock, futures, etc, but I've heard there is a lot of risk. Seems this program is destined to make most people lose, fail and quit.

Again thanks to all that have exposed what this really is.

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#23 Consumer Comment

FOREX IS NOT AS EASY AS IT IS REPRESENTED

AUTHOR: Mike - (U.S.A.)

POSTED: Monday, January 22, 2007

Interesting,

Having been to a few of these FOREX presentations, one mentioned here, I can agree, they rely on the naive who think they will get rich quick.

Having been involved in FOREX and just about every other trade medium, I came to my conclusion early on, FOREX is not easy to learn, and you need massive amount of time to really get educated, never mind studying trends, charts and all the other data needed to make a profit.

The way I look at it is similar to other comments here. You cannot expect to become a millionare without a lot of research and study, never mind hours and hours following charts and trends on a daily basis.

Like everything being sold in seminars or on infomercials, they are all designed to look easier than they are. Since most people fail to make a profit in FOREX, or lose their seed money and give up, my advice is to not spend thousands on any of these deals without doing your research into FREE alternatives, and there are many. If a system is as good as it is being promoted, then you should be able to test it for FREE.

Good luck to all, Mike

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#22 Consumer Comment

An Experienced Trader's take on this thread

AUTHOR: Steve - (U.S.A.)

POSTED: Sunday, January 21, 2007

Hi

I just saw another infomercial for 4x made easy. I cut my teeth trading forex when george soros was attacking sterling in september of 1992 at a bucket shop run by (it turned out) hong kong gangsters who made their own book (noody knew at the time) and they eventually ran off with everybody's money when we got too good for them to keep paying.

from there i traded just about all the different types of futures, options, and stocks, had clients, and so on. one of the things i learned is there are a number of ways to approach the market. to simplify things, i break this out into four categories:

trade with trend
fade the trend
trade counter-trend
fade counter-trend

the most lucrative approach is the last one, even though i 'perfected' a system of how to recognize and successfully trade trend extremes 100% of the time. once you begin to see counter-trend extremes, and start fading them, you get a great combination of (looking forward) the prospect of the prior trend momentum kicking back in (the point of the trade) and value - a good price you can feel good about so your trade has a profitable edge going in.

with highly leveraged positions you can go significantly out of the money in a hurry. my extreme trend fade trading requires a fairly hefty capial backing - the downside - but it has never lost for me. *Yet* i have been dragged down into the depths of hell for several weeks at a time 'occasionally'. Most regular folks as shown on the 4x made easy infomercials dont have the stomach for the intense pressure that comes along with being drawn down and taking the major heat of a highly leveraged trade. But a guy with serious bank ($250k+) and who has experience taking the heat, and is very patient will typically win all the time. At least that is what I have shown and demonstrated for years.

but fading a counter trend move, although the best trade there is imo, requires a 'stop loss' contingency. *Sometimes* that alleged counter-trend fade turns out to be a nascent phase of a new trend, and the trader is not given any juice, and *at some point* needs to give it up and take a loss - which is OK, because most of the time a counter trend fade works, and the few that dont do not take away from the bottom line.

on 4x made easy they give you this idea you can use as little as $50(!) to initiate a trade. Well, granted they might be talking about minis, but to say one can start trading with $50 is ridiculous. Even $300 is pretty much laughable - unless you are the 1 in 100 that gets lucky, and people do get lucky, but a winer never depends on luck, although along the way sometimes a winner gets lucky.

Because of the volatility in 4x markets, a $300 account is over-exposed to getting wiped out by a stop loss order over and over and over again. although there is a great debate over how to determine when and where a los should be taken, it is my view that if one is going to be successful, especially with a good method (counter trend fading), you have to allow yourself enough time and price movement in order that the market can show you one way or the other that you raely were wrong, the trend fizzled out on you, and *this* one is a bogey, and needs to be cut.

with a leveaged position, even with a generally well executed counter trend fade play that ens up in the balck you still do not have any idea exactly what is going to happen or how, when etc, which means peak draw down on an open position can get, well, a little uncomfortable - AND it could go on for a few sessions, maybe even a couple of weeks (but on a counter trend fade play i expect to be in the money within 10 sessions for a really poorly executed trade and within 3 sessions for a better executed trade),

in *dollar* terms, for a big contract (where you actually make some money) on just one contract, this can mean approximately $5000 of peak drawdown and a period of a number of sessions before the prior trend on the left side of the chart kicks in.

$300? Hmmm. Well, maybe if one trades in a 3 to 5 minute time frame, but for a complete novice that is a really sketchy proposition. Heck, I've been trading for 14 years and I NEVER trade in short time frames - although sometimes I'll take a profit witin an hour of making the trade. Most of the time it is a matter of days, and when it comes to stock options weeks (mandatory).

crazy things can happen when you are in anopen position with 4x - huge gaps can occur and the price action can run away from you. if you have a stop loss order in and the market runs away from you your fill will be terrible and u can lose a lot of money. some people like using stop loss orders - which are necessary on fully automated program trading progs, which 4x made easy is not. if i am wrong, once the market crosses a theshold of price and time, then i wait for a moment to sell into a rally, or buy into a sell off to cover and then i am done. this way i distance myself from the negative emotionalism of the dark hour and make a good trade to cover a loser when the sun is shining. but this is a complex process that only people who have been trading for a long time can do, as it deals with a lot of emotional and pyschological stresses. it takes a long time and a lot of experience to know what is going on. Panic is not an option.

i see that 4x made easy costs lots of money as well. and i also saw a retired grand mother trading (or pretending to) on the infomercial. i don't like to be negative, but 4x is an intense game of people with power to move markets who only win if they can force you to lose. and when you compete against players with $10Ms and upwards, you really have your work cut out for you. to win in a game like that, you have to BE the type of *person* that can win. like the kind of person that'll do anything to win, even rip the heart right out of the other trader's chest to make sure you get their money. in other words, you have to be extremely aggresive and determined to protect your account from any and all predators. I hardly think grandma portrayed in the infomercial is up for this sort of action.

so i'd have to agree that in the cntect of the truth 4x made easy is a scam because it grossly misrepresents the reality of the game. i would encourage all to take a shot at trading, because YOU might be the type of person who can win. BUT once you find out it isnt you, then get out and stay out!

if 4s made easy were truly credible, they'd charge, i dunno, $499 (?) to attend a seminar, and a $100 p.mo consulting fee for those who want to learn about the markets, being upfront about the statistical that for whatever reason most people just don't make it. But it is important to have good knowledge, so this knowledge is worth something, hence the fee.

but the misrepresentations are so flagrant, i doubt anybody on that 4x staff really knows how to trade that well. clearly their money comes from selling the program. heck, i wrote a book about trading, and it only cost 20 bucks. a great primer for the uninitiated and a great guide for the masters. why anybody has to spend all the money 4x made easy is looking for when the risk of loss is the same is lost on me.

i will give 4x made easy one prop - they 'talk' about identifying trends. whether or not the algorithms in their prog are good at actually identifying them is hard to say BUT to be truly successful without having to have a huge bank (around $30,000 to $50,000 should be OK to trade 1 or 2 contracts) learning how to identify a trend (daily, weekly, montly) is key to great wealth.

but at the end of the day all we can do is make an 'assumption' about what lies ahead based upon what we have just seen. thus wha we 'think' is a trned based on parameters x y znd z might not turn out to be one after all. but it is a great study. i have a long list of qualifiers to help my progs i created identify trends, and most of the time the assumptions are correct. in the event they are not, well, that is when the loss is taken.

so a bit of free advice here: instead of buying anything except maybe a good book about trading, just study charts (daily, weekly and monthly). THOUSANDS of them. track the markets and develop a set of assumptions about trend and thus the likelihood of trend continuation, what to expect in terms of contrary motion (drawdown), what to expect in terms of time to profit, and waht to expect in terms of amount of profit. The idea is to set yourself up so the wins add up to more than the losses. once you get to that point, you are ready to make a few bucks.

it is not as easy as it sounds, but it doesn't cost anythng to study charts and develop good assumptions about trends (up and down). once you actually start trading you have to confront the emotional and psychological impact of the game.

Be advised also that the best place to trade for currencies is in the cental european time zone. The real action in forex starts in london - or 9AM in paris for those who like to get a good nights sleep :) if you get good at trading 4x you should move to europe. it is great.

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#21 Consumer Suggestion

STAY AWAY FROM GET RICH QUICK SCAMS

AUTHOR: Doug - (U.S.A.)

POSTED: Wednesday, January 10, 2007

I have been a stock market investor and trader since the early 1990's.

There is no magic wand or miracle "tool" or "system" that you can use to get rich quick in any of the markets - not stocks, currency trading, commodities and especially options.
The fact is MOST options expire worthless. Any self-proclaimed "guru" that comes to your town trying sell you on some miracle "system" that will "make you rich" will in fact only make you poor.

If they did have a worthwhile system, they certainly wouldn't need to hit the road to sell you their "money-printing machine" for $3,000-$10,000 or more.

Like the professional investors, Buffett, Lynch and so many others, they would be too busy using it themselves and building real wealth for themselves.

You can always recognize the con artists when they come your way with their slick snake-oil salesmen to arm-twist you into buying "now or never" at their seminar, while stealing money (thousands of dollars) from the middle class and working class who should invest that same money using the tried and true methods written about in books that you can check out from your library for free.

Don't buy into the high-pressure seminars. You can actually learn much more from a book on the subject.

Save your money, read, learn, and invest with confidence. You can do it, but you must learn and be patient.

Doug
Los Angeles, California

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#20 Consumer Suggestion

STAY AWAY FROM GET RICH QUICK SCAMS

AUTHOR: Doug - (U.S.A.)

POSTED: Wednesday, January 10, 2007

I have been a stock market investor and trader since the early 1990's.

There is no magic wand or miracle "tool" or "system" that you can use to get rich quick in any of the markets - not stocks, currency trading, commodities and especially options.
The fact is MOST options expire worthless. Any self-proclaimed "guru" that comes to your town trying sell you on some miracle "system" that will "make you rich" will in fact only make you poor.

If they did have a worthwhile system, they certainly wouldn't need to hit the road to sell you their "money-printing machine" for $3,000-$10,000 or more.

Like the professional investors, Buffett, Lynch and so many others, they would be too busy using it themselves and building real wealth for themselves.

You can always recognize the con artists when they come your way with their slick snake-oil salesmen to arm-twist you into buying "now or never" at their seminar, while stealing money (thousands of dollars) from the middle class and working class who should invest that same money using the tried and true methods written about in books that you can check out from your library for free.

Don't buy into the high-pressure seminars. You can actually learn much more from a book on the subject.

Save your money, read, learn, and invest with confidence. You can do it, but you must learn and be patient.

Doug
Los Angeles, California

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#19 Consumer Comment

Investools

AUTHOR: Delyse - (Australia)

POSTED: Wednesday, August 23, 2006

To Scott from New York,

I have had the same experience with Investools.
Also have done the advanced course. Once you do a course no follow-up questions are allowed. The reason they gave is that they are a business and only want to take more money from you. I had been under the impression that they were supposed to be educators.

Some instructors are helpful and some were rude & condescending and did not know anymore than myself. They would not provide any proof that the system works or whether they were profitable live traders themselves.

They do not impart the knowlege on how to trade successfully and use the excuse that federal law prevents them from telling you anything - how irresponsible is that?

Alyce

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#18 Consumer Comment

INVESTools Poor Customer Service

AUTHOR: Scott - (U.S.A.)

POSTED: Wednesday, August 16, 2006

I just want to post a comment about my experience with Investools. Here is my story... I spent about $20,000 with them on my education which lasted about 2 years. I took their first course for $3,000 and continued with advanced classes. The first course was just about basic stock trading and basic chart analysis.

Everything learned in this first course can be read in book from Amazon.com, but they have such good sales techniques that you believe their product is better than anything out there. They really do a good job of selling dreams. After the $3,000 is invested and the 2 day seminar is over, then they spend the last couple hours selling the next course.

They make you believe that you can actually only make a little money with stocks, and if you really want to make a living, you have to trade options. So I continued into their PHD program because I really wanted to make a living at this.

In the advanced courses I received some coaching by phone and also watched many online classes through Webex. The classes were very good, and I actually learned a lot, but I never learned how to make money consistently. I followed their rules, but my positions got stopped out so many times that I lost a lot more than I made.

Often times I called the Hotline. Sometimes they were good but other times I got coaches that knew less than I. Following the advice of their coaches and hotline help, I lost lots of money. If I would have just stuck with my own instincts on several occasions, I would have done better.

The main problem I had with Investools is their misleading sales practices. They tell you the average student makes 30% a year, but they have no proof to back it up. I for one used their website everyday and lost 30%. They never once asked me how much I made. If they don't ask the students how much they make or lose, then how can they say the average student makes 30% a year? The particular salesman that we had actually told us we would make back all of our money within 6 months to pay for the whole course.

I don't think any student tried harder than I did. I read all the books and watched hundreds of hours of online classes. It wasn't a lack of participation on my part. I have also met and talked with other Investools students that were in the same boat. One problem we all agreed on (the other students and I) was that Investools teaches a whole bunch of trading skills, but they teach such a broad range of methods that you really do not know what is the best method for the current market. For example, the Basic Option course teaches calls and puts, but if you do the research, you will learn that it's very rare that anyone regularly makes money buying calls and puts. They never mentioned this and I lost a lot of money because of it.

After losing my money I contacted Investools and asked for a refund because of their misleading sales practices and they never responded. I placed a complaint with the BBB and they still did not respond. I even contacted the salesman directly that lied to me, and he never responded. All I get from them is more solicitation to spend more money on my education.

I have concluded that Investools is all about the money and does not care about their students. It's really sad to see how they have treated me after all the money I paid them to learn the market. Many of the coaches seem sincere, but the people running the show only care about the money. So for me, even though I paid them $20,000 for my education, they just cut me off since I refuse to pay more.

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#17 Consumer Comment

Condescending and Desperate.

AUTHOR: John - (U.S.A.)

POSTED: Thursday, August 03, 2006

I attended one of GlobalTec's free 4X Made Easy seminars last night, August 2, 2006, in Pasadena, CA. When the presentation was over, I wanted to ask this particular attendee, a guy, who was sitting at one of those tables at the back of the room, waiting to be signed up for the software. While I was thinking whether I should ask the guy if he has ever had experiences in trading FOREX, one of GlobalTec's sales staff asked me if I was interested in signing up. I didn't want to, so I kindly said to him, No, thanks. This sales staff responded with a rude remark in an attempt to make me sign up out of guilt. How condescending and desperate of him!

There were two major concerns on the minds of the attendees. One was the ultra-short trial period, nine days. Those who attended the Pasadena seminar would only have seven days (that include the sleep hours leading up to the workshop) if you want to return the product at the 2-hour workshop in Garden Grove, CA on August 9, 2006, 8:30AM. Two was the company's commitment in refunding in a timely fashion when the customers do make it on time for the full-refund deadline. I would choose rapid full-refund over courteous sales staff. The sales staff can be rude to me all they want to get me signed up, as long as I get my full refund in a timely manner.

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#16 Consumer Comment

not quite investools

AUTHOR: Dave - (U.S.A.)

POSTED: Saturday, July 15, 2006

This was very similar to investools but not quite.

I attended a "free" seminar of the product and was given only a week to try the software, before purchasing. Not even the most sucessfull new investor could make up their cost of $3000 within a week.

I tried getting thier software for a month to try before purchasing, but no one would cooperate to this affect.

What are they scared of??
Is technical support that poor that they can not do this?? I.E. Turn on or off user names.

My advise if they are "now or never" is to reply NEVER. There are multiple ways to educate yourself for free. TRY THE LIBRARY or sec.gov.
Once your educated what to look for then observe the seminar and find the advantages/disadvantages of the software.

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#15 Consumer Comment

Joyce, I would swear this was Investools

AUTHOR: Donette - (U.S.A.)

POSTED: Wednesday, June 14, 2006

The experience you described above was identical in almost every point as the one me and my husband attended, except it was the Investools seminar. Even same description as the green and red, but ours was more like warning graphs. They too wanted a large amount of money right then, and when I questioned about trial periods during the "private" Q&A, I was looked at like I had no business to question them in any manner.

If it wasn't for the fact that this one is GlobalTech, I would swear it is the same method and attitudes as Investools.

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#14 UPDATE Employee

COmpany Response

AUTHOR: Jeff - (U.S.A.)

POSTED: Wednesday, June 14, 2006

Joyce,

I just read your post and I apologize for the delay in response. First, I sincerely apologize for your experience while attending a Preview workshop on the product. It certainly is not our intent to make anyone feel this way and your comments are certainly taken seriously.

I wanted to extend to you a personal invitation to visit our offices in Addison. I am more than happy to give you a tour of our offices and introduce you to our support staff. This is by no means a "sales" visit invitation. Due to the fact that you are local to our offices, I wanted to extend to you the opportunity to look inside the world of Globaltec and 4X Made Easy, to meet the people, and see what we are about.

Again, my sincere apologies for the experience and inconvenience you had. Feel free to contact me if you wish to visit us. you can reach me at 888-720-5200.

Respectfully,

Jeff Johnson
Vice President operations/COO
Globaltec Solutions
4X Made Easy

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#13 Consumer Comment

Global Tec Solutions More Than Simply Predatory

AUTHOR: Joyce - (U.S.A.)

POSTED: Tuesday, May 09, 2006

Tonight we attended a meeting in North Dallas with Global Tec, "4X Made Easy" software sales staff. This software is designed to simplify the somewhat complicated trends of Foreign Exchange currency trades.

However, both the presentation itself and the conduct of the sales support staff proved to be quite insulting to one's intellect. Several times in the presentation, the saleslady did the "repeat after me" type of cheerleading crowd participation routine over minute points such as "gaps", the red and green arrows, etc.

In her attempts to present the software as a sophisticated work of art, the saleslady managed to insult the intelligence of her attendees by glossing over details that would solicit challenging questions. An example of this is that she stated how much "easier" it is to simply follow red and green arrows rather than having to learn calculus and the complex algorithms used to calculate the functionality of the program. The entire tone was condescending.

The saleslady [who stated that she was formerly a stockbroker] managed to divert challenge by stating that she would take questions "one on one, at the back of the room." If a group is truly interested in its people "understanding" the subject they allege to teach, then it is common sense that the more beneficial approach would be to have a group Q&A, with more details one on one later if needed. There was no group Q&A allowed.

In 1997, I was licensed by the NYSE as a stockbroker for American Express in Tampa, FL. This was less than a year before the foreign currencies began trading, so our broker's licensing did not include training on the foreign currencies. This is the entire reason I was interested in their product line. I have been looking to expand my knowledge of some of the lessor known vehicles in the marketplace.

Living here in Dallas since 1998, in the same metroplex with Global Tec, I was looking forward to having a local company to work with. However, the staff were so kurt and rude that if the content and attitude of the presentation did not run us off, we would have refused to do business simply on principle. An example of this is that during a break, we were exchanging phone numbers and email addresses with others in attendance, only to be asked to leave the room to do so!

Another example is that when I asked for a contact name and phone number to call in about 10 days when some business revenue is expected so we could pay cash for their product rather than charging anything, I was told flat up that the discounted offer was a "now or never" offer. My candid reply was, "I suppose we don't need to buy your product."

The truth is American investors, and ALL investors, should steer clear of any group that tries to pressure you into a "now or never" proposition, which includes a $3,000. price tag. The entire idea that it is good sales or good business to deal with people in such a manner is arrogant, grossly disrespectful, and simply bad business. We were never offered a contact name or phone number, even though this company home offices here in our same Dallas metroplex.

It is hard to imagine that anyone worthy of a business exchange of several thousands of dollars would consider it "good" business to be so brutally disrespectful of potential buyers. It is presumptuous and rude for a sales staff to assume that if we didn't buy tonight, then we wouldn't buy at all. It was as if the entire crew expected that if they were good enough actors, then they could expect to walk away with the monies they were demanding.

And that they should do so without considering the business mind of others who are heavily invested in their own business ventures.....namely, good business people OFTEN leave their wallets at home when heading to a sales presentation to insure they leave no room for emotional, unwise, whimsical purchases. And we do so to protect ourselves from the likes of such predators as Global Tec Solutions. Given space, time and opportunity, every predator reveals himself.

This is definitely a "buyer beware" situation. You are better off taking a professionally conducted investor course. The public can learn more about such courses at: www.nyse.com , www.cme.com ; www.sec.gov Or you can find a local test administrator who uses the official textbooks of brokers [which cost approx. $600] by contacting Dearborn Financial Institute, Inc., Dearborn Financial Publishing, Inc., 155 North Wacker Drive, Chicago, IL 60606-1719.

Keep in mind predators such as this are counting on (1)Your unwillingness to take the time/effort to learn the details of the marketplace, (2)Your desperate need for a "quick fix" to a current financial problem, (3)Your inability or unwillingness to stick with your efforts long enough to realize a return on investment, (4)Your embarrassment in making a wrong decision to trust them, (5)Your silence as a result of your embarrassment.

Be sure to report such people to your local Better Business Bureau [even if you think they are ineffective -- get it in the record], your local Chamber of Commerce, your local television station if you were introduced via an infomercial, your local newspaper [editor's page], the Security and Exchange Commission [www.sec.gov], and your state securities office [you can get your local state office info from the SEC or from your governor's office].

Best Wishes to all who have fallen into their snare. Remember, the best revenge is success. So, stick with your efforts, do your research, and you will eventually make it. ;-)

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#12 Consumer Comment

Brave offer Jeff

AUTHOR: Greg - (U.S.A.)

POSTED: Tuesday, April 18, 2006

If you're asserting that it is the customer who isn't trained well enough or devoted enough to the system to LEARN how to use it, then: HOW EASY IS IT?

A more realistic offer may be for you to allow some of us to talk to your cutomers, at random, at different levels of experience and time with the system. Hearing from them may be a more legitimate measure of your product.

Oh, wait! We already have access to a random selection of "happy, successful" 4xers right here and on Yahoo and other web sites and email sites. That's a much more realistic view of the product than handpicked plants that have done well!!!!!

I'm thankful that I have found a very large number of unsuccessful, unhappy users because I see that it isn't just me!!!! It doesn't solve the problem, but it does let me know I'm not alone in this scam.

Thank you, Rip-off Report!!!

Sincerely,

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#11 Consumer Comment

The resolution?

AUTHOR: Greg - (U.S.A.)

POSTED: Thursday, April 06, 2006

It's been 5 months since the last posting of this too-often heard story. I would like to know the "happy ending" that surely must have resulted from a company that has its' customers best interest at heart.

I'll be checking back regularly to see if the story ends with another satisfied GlobalTec customer. My "happy story" is posted on this forum as well, and I look forward to speaking with Jeff. I'll post any progress made to get a "rip-off refund". Would like to see others do the same.

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#10 UPDATE Employee

response from company

AUTHOR: Jeff - (U.S.A.)

POSTED: Thursday, November 10, 2005

Tami,

My delay in response was due simply to the fact that I do not monitor these kind of boards on a daily basis. I do respond as I come across them and will assist in anyway I can.

Generally, customers with an issues such yours will contact us directly and give us some warning or an opportunity to resolve their issue before going to a public forum. Unfortunately, that was not the case here as we never received any prior notice of your level of dissatisfaction. I do apologize for the delay in response to you here, but I hope that you can understand that this is not my normal venue of support.

Also, we have attempted to contact Mr. Ciallello without success. The number we have rings with no answer or voice mail. We have sent an email but have had no response as yet. We truly would like to speak to him and resolve his case. I am respectfully requesting you to have him contact Jake Self at our offices and we look forward to resolving very soon.

Respectfully,

Jeff Johnson
Vice President Operations/COO
Globaltec Solutions

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#9 UPDATE Employee

response from company

AUTHOR: Jeff - (U.S.A.)

POSTED: Thursday, November 10, 2005

Tami,

My delay in response was due simply to the fact that I do not monitor these kind of boards on a daily basis. I do respond as I come across them and will assist in anyway I can.

Generally, customers with an issues such yours will contact us directly and give us some warning or an opportunity to resolve their issue before going to a public forum. Unfortunately, that was not the case here as we never received any prior notice of your level of dissatisfaction. I do apologize for the delay in response to you here, but I hope that you can understand that this is not my normal venue of support.

Also, we have attempted to contact Mr. Ciallello without success. The number we have rings with no answer or voice mail. We have sent an email but have had no response as yet. We truly would like to speak to him and resolve his case. I am respectfully requesting you to have him contact Jake Self at our offices and we look forward to resolving very soon.

Respectfully,

Jeff Johnson
Vice President Operations/COO
Globaltec Solutions

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#8 UPDATE Employee

response from company

AUTHOR: Jeff - (U.S.A.)

POSTED: Thursday, November 10, 2005

Tami,

My delay in response was due simply to the fact that I do not monitor these kind of boards on a daily basis. I do respond as I come across them and will assist in anyway I can.

Generally, customers with an issues such yours will contact us directly and give us some warning or an opportunity to resolve their issue before going to a public forum. Unfortunately, that was not the case here as we never received any prior notice of your level of dissatisfaction. I do apologize for the delay in response to you here, but I hope that you can understand that this is not my normal venue of support.

Also, we have attempted to contact Mr. Ciallello without success. The number we have rings with no answer or voice mail. We have sent an email but have had no response as yet. We truly would like to speak to him and resolve his case. I am respectfully requesting you to have him contact Jake Self at our offices and we look forward to resolving very soon.

Respectfully,

Jeff Johnson
Vice President Operations/COO
Globaltec Solutions

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#7 UPDATE Employee

response from company

AUTHOR: Jeff - (U.S.A.)

POSTED: Thursday, November 10, 2005

Tami,

My delay in response was due simply to the fact that I do not monitor these kind of boards on a daily basis. I do respond as I come across them and will assist in anyway I can.

Generally, customers with an issues such yours will contact us directly and give us some warning or an opportunity to resolve their issue before going to a public forum. Unfortunately, that was not the case here as we never received any prior notice of your level of dissatisfaction. I do apologize for the delay in response to you here, but I hope that you can understand that this is not my normal venue of support.

Also, we have attempted to contact Mr. Ciallello without success. The number we have rings with no answer or voice mail. We have sent an email but have had no response as yet. We truly would like to speak to him and resolve his case. I am respectfully requesting you to have him contact Jake Self at our offices and we look forward to resolving very soon.

Respectfully,

Jeff Johnson
Vice President Operations/COO
Globaltec Solutions

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#6 Consumer Comment

Why the delay?

AUTHOR: Tami - (U.S.A.)

POSTED: Tuesday, November 08, 2005

First, to Steve and William and anyone else who may have learned something from my complaint, I'm glad I could help. And I'd be happy to answer any questions you have about my experiences with 4X Made Easy.

Jeff,
I'm surprised to see you finally got back to me. Is this the way your company treats all your digruntled customers? Why the delay?

We would be happy to hear your suggestions for an amicable resolution.

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#5 UPDATE Employee

Response from Employee

AUTHOR: Jeff - (U.S.A.)

POSTED: Monday, November 07, 2005

Tami,

Thank you very much for the info on the named customer. You have my word that we will be contacting him in the next 24 hours to assist in any way we can. I assure you we are dedicated to helping him and are confident that we may reach an amicable resolution. I apologize for my delay in response thus far.

Also, I am sorry that you feel that I implied that you may not be a customer. However, please understand that I am truly only trying to reach the consumer and resolve the issue, and if I am not able to identify the person posting then it is important that others reading know this. Therefore my intention is two-fold. First, you will find that many companies do not take the time to post responses to these sites and actually try to seek out and resolve issues, but we do and it is important that other readers know that. Two, it is also important to understand that these sites do not and can not confirm the credibility of all of the posts it receives. It is not at all uncommon for competitors use these sites to post untrue and disparaging remarks to intentionally scare away customers from a business. Therefore, if I can not identify the person posting I will make sure that I point that out until some identification can be made and I can move forward with resolution.

Thanks for responding and we will be contacting him soon.

Respectfully,

Jeff Johnson
Vice President Operations/COO
Globaltec Solutions

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#4 Consumer Suggestion

Have been doing some research before I buy there products also

AUTHOR: William - (U.S.A.)

POSTED: Monday, October 17, 2005

When it comes to 4x made easy I have some concerns about there products also. I have been looking at there products (Wizetrade, Options made easy and 4x Made easy). It is hard to find any middle of the ground info on them. It's either great and people love the product or they hate it but are promotiing there own product. From looking at there website here is the negative I see. It's expensive plus you do have to pay for other stuff (wizefeed, some Dish Network channel, other cd's) now if this works then great. But if you do some research on what it takes to trade stocks on a daily basis you will see that it takes a lot of money in and account to do it. Also if this was so easy then why isn't everybody using it. I was ripped of by another company and learned that if it sounds too good to be true it is. If I could by a program and it gave me red light green light and just bought stocks off that and made money then I would expect every person in America to have this. Thats the truth, simple and fact. How come in this infomercial they don't talk about the other stuff you have to buy? I'm going too pass on this product because of price and also I don't believe that it does everything it says it does. If it did then I would think every Stock guy would have it.

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#3 Consumer Comment

Tami - Thanx

AUTHOR: Steve - (U.S.A.)

POSTED: Sunday, October 16, 2005

I was very interested in the 4X program and decided to check them out on the internet. Thank you for you warning, you have saved me a lot of grief.

Steve

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#2 Author of original report

I'd Like a Refund

AUTHOR: Tami - (U.S.A.)

POSTED: Wednesday, October 12, 2005

Jeff,
Of course you can't find me in your database. Do you really think that most people have that much money to throw away without help? I went in on this with two other people, only one name could be on the license and it just didn't happen to be mine. I can't believe that you would suggest that I might not be a customer, although this isn't the first time you have done that in this forum.

I'd be interested in knowing how you think you can help me or my friends? The feed has been disconnected and there's no money left to trade with.

We did everything to make this work for us. We had the datafeed, the software, the confidence and the dedication. We studied and learned day and night. We actually took shifts at the computer so that everyone would have their chance at the software. At best, your program is misleading. You have the perfect scam to get people in deep before they see that next to nothing can be made by the average investor. Most, after sinking that much money into something, find it hard to admit that it was a mistake. That's the only reason so many people keep at it. And I plan to do everything in my power to help your would be customers understand this.

The first thing your company needs to work on is the refund policy. Of course if you did make it a fair policy you probably wouldn't have a company for much longer.

Your customers name in this case is Brian Ciallella, just to put to rest any questions about my being a "true" customer.

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#1 UPDATE Employee

4X Made Easy Executive Response

AUTHOR: Jeff - (U.S.A.)

POSTED: Tuesday, October 11, 2005

Tami,

I am very sorry and concerned to read your experience with the software. I intended to contact you by phone to see what we could do to assist you and your friends. Unfortunately, I can locate no customer in our database with your name living in Pompano Beach or the entire state of Florida. Therefore, I must state in this forum that it can not be confirmed that you are even a true customer of our product.

However, if the product is licensed to another person other than yourself, then please have that person contact me personally at our offices at 888-720-5200. I will be glad to assist in anyway I can. All you really need is the software, the data feed, and the confidence and dedication to learn it. If you are struggling then we are definitely dedicated to helping you to overcome those obstacles. If you want to speak to another customer that is successful with the product, then I will put you in contact with one. The resources truly are available and we truly want you to be successful so please do not hesitate to contact me.

Respectfully,

Jeff Johnson
Vice President Operations/COO
Globaltec Solutions
4X Made Easy

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